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Published: Dec 29, 2021
Updated: Dec 29, 2021
Indian banks are planning to set up a new ARC and transfer their bad debt to the new entity. The only problem is that all PSU banks already have ARCs which have not make a difference to the bad loans situation. With the RBI banning ARCs from participating in the bidding process for bankrupt companies, they are left with no real business.
Insiders say the government may ask REC and PFC to promote the ‘bad bank’, thus saddling the duo with a huge amount of bad debt on their books.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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